VAR FusionStorm Sells Jeskell Division


FusionStorm has sold its Jeskell division, which primarily catered to government business, and will concentrate on commercial business going forward.

While the sale of Jeskell gives FusionStorm the opportunity to focus on what it called its growing commercial business, it also gives the company the cash needed to settle a lawsuit brought against it by Technology Integration Group (TIG) over alledged improper hiring practices.

San Francisco-based FusionStorm on Tuesday said it sold Jeskell to the principals of CAS Severn, a Laurel, Md.-based government solution provider which, like Jeskell, has a strong IBM business.

FusionStorm did not disclose terms of the deal other than to say that it sold most of the assets of Jeskell in an all-cash transaction.

FusionStorm acquired Jeskell four years ago this month. At that time, FusionStorm was one of Sun Microsystems' largest partners, while Jeskell was IBM's biggest government solution provider.

 

Next: Cash To Pay Off The Lawsuit?